Chevrolet Silverado Lease Questions

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Hi tms9. This is actually the Silverado lease discussion, not the Suburban discussion. I will answer your question here, but please post any additional questions about leasing a Suburban there. Thanks.

Ally's April base lease rate and residual value for a 36-month lease of a 2012 Chevrolet Suburban LTZ 4WD with 15,000 miles per year are 1.1% and 40%.

GM is currently providing a $4,250 cash incentive on 36-month leases of this truck through Ally.

I have never leased a vehicle, always bought our vehicles outright. And we keep our vehicles for a long time (typically more than 8 years).

But its almost time to replace my truck. I see that there is a large $5100 incentive to lease a Silverado through Ally (in other postings here.) Maybe Car Man can chime in here also to verify current money factor, and incentives and residual - Silverado Ext. Cab, 4x4 LT1.

I have a couple questions.

First is, can I negotiate the price on the truck before this $5100 lease incentive? Seems like I can get more off the price doing it this way, since I can get the lease incentive plus a discount on the price.

What kind of price can I expect a dealer to agree to when I am leasing the truck, like so much above invoice? I do qualifiy for the GM supplier pricing, does that help me, any other incentives in addition to the lease incentive, like rebates?

Can anyone give me their personal experience in doing this, leasing initially with the intention of buying at lease end. Or is it cheaper to buy outright and negotiate the price with the dealer up front?

Car_Man- I stopped into a dealer on 4/28 for some quotes on leases while i try and sell my truck now. They told me to come back after may 1st since new pricing / deals were coming out. Do you have what they are currently offering? The chevy.com site has nothing listed for leases.

Looking to get into a 2012 1500 LT Ex cab reg box or same in an LTZ 4x4

I am interested to know the residuals and money factor (for April) for a 36 or 39 month lease of a 2013 Silverado 1500 4X4 Crew Cab LT, and or your opinion on the proposed lease below.

I visited a local dealer in late March, and between the $3000 rebate, the $2000 lease conquest and $2000 GM Card points, he quoted me $300 per month for 39 months with $1500 out-of-pocket. (Bank fees, taxes, DMV fees, delivery, etc. are all included in the above.) He claims that he is pricing the truck at about $100 below invoice. The Silverado comes with the All-Star package (which has been reduced by another $1500 off that package price) as well as a dealer-installed bedliner. According to Edmunds, the Invoice price for such a vehicle (with those options) would be $37,642 and the MSRP would be $40,490, including delivery and after factoring in the $1,500 package discount.

Hi mixen. General Motors' captive finance companies publish lease rates instead of money factors for the vehicles that it leases. you can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.

Ally's April base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Silverado 1500 Crew Cab LT 4WD with 15,000 miles per year are 1.05% and 52%.

The numbers for an otherwise identical 39-month lease of this truck are 1.05% and 50%.

The payment that you were quoted certainly looks attractive. $100 under invoice minus incentives is a very good selling price. Of course, you should verify that this is indeed what they are selling you the truck for by looking up its invoice price here at Edmunds.com and comparing it to the price that they are using.